Construction Accounting Built for Surety Underwriting

Every CFO engagement starts with numbers you can trust. SuretyCFO runs construction accounting under CFO oversight, so your job costing, WIP, and monthly financials are built the way sureties and underwriters review them. This is not data entry. It is the foundation of your bonding capacity.

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Why Clean Financials Drive Bonding Capacity

Surety underwriters rely on your books to assess.

Inaccurate or inconsistent financials create doubt, delay approvals, and can cap bonding capacity even for profitable contractors.

SuretyCFO keeps your accounting under CFO oversight so every month closes with financials that stand up to underwriting review.

Working capital

Liquidity

Job performance

Financial discipline

What We Offer

Construction-Specific Chart of Accounts

We structure your chart of accounts to support:

Clear job cost reporting
Accurate WIP schedules
Consistent financial statements
Easy review by CPAs and underwriters

This prevents misclassification that distorts margins and working capital.

Job Costing and Cost Classification

Accurate job costing is critical to bonding.

We make sure:

Direct costs are properly coded to jobs
Overhead is handled consistently
Labor, materials, and subcontract costs are tracked accurately
Job performance reflects reality, not guesswork

Monthly Reconciliation and Close

We perform timely monthly closes that include:

Bank and credit card reconciliations
Review of receivables and payables
Identification of unusual or aging balances
Clean month-end financials ready for review

This supports consistent reporting to agents, CPAs, and sureties.

Retainage and Receivables Tracking

Retainage and aging receivables directly affect working capital.

We track:

Retainage separately from billings
A/R aging with underwriter visibility
Collection issues before they become bonding concerns

Work-in-Progress (WIP) Support

Accurate accounting feeds WIP accuracy.

We make sure you have:

Reliable percent-complete calculations
Consistent cost-to-complete data
Alignment between job costs and WIP schedules

This reduces underwriting questions and submission delays.

Bond-Ready Financial Statements

We produce financials that are:

Consistent month to month
Aligned with WIP and job costing
Easy for CPAs to compile or review
Credible in the eyes of surety underwriters

Who We Serve Best

How SuretyCFO Is Different

Most bookkeepers stop at transaction entry.

SuretyCFO accounting is built around:

CFO-led accounting is ideal for:

Contractors performing bonded work

Construction companies seeking higher bonding limits

Firms struggling with WIP accuracy

Contractors who want fewer underwriting surprises

Bonding readiness

Underwriter confidence

Financial clarity

Long-term capacity support

Every entry supports the bigger picture.

The Outcome

With CFO-led accounting from SuretyCFO, contractors gain:

Clean, consistent financial records

Stronger WIP support

Improved working capital visibility

Faster, smoother bond reviews

A solid foundation for CFO and tax services